Forget about all the talk of recession. According to a number of the world's leading economists, we are now living through the second Great Depression. After a brief respite, the world's economies are set to plummet.
As long ago as 1997, British economist Fred Harrison predicted the current crisis. He places the blame on the prevalence of land and property speculation. The scenario painted in The Fred Harrison Blog is not a pretty one, but is one that must be taken seriously. Governments could fall, unemployment could rise dramatically and a depression could ultimately lead to World War III. Unfortunately, governments are not listening.